The old saying that the trend is your friend in forex is understood by traders.
Blogs
Silver Forecast: Continues Trading Upper Part of Range – 17 June 2020
The silver market has rallied a bit to kick off the Tuesday session, breaking above the top of the hammer from the Monday session.
Bitcoin Forecast: Likely to Find Buyers Underneath – 17 June 2020
The bitcoin market did extraordinarily little during the trading session on Tuesday, as the markets were all over the place outside of the crypto world.
Gold Forecast: Traders Continue Looking For Dips – 17 June 2020
Gold markets have been choppy during the trading session on Tuesday as Jerome Powell spoke in front of Congress.
WTI Crude Oil Forecast: Continues Grinding Towards Gap – 17 June 2020
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Tuesday, breaking above the top of the hammer from the previous session on Monday.
French official says expects EU recovery plan agreement next month
French official cited by Bloomberg A deal would certainly be positive for the euro. For bank trade ideas, check out eFX Plus
BOE major surprise is unlikely; staying structurally bearish on GBP – Citi
Citi ahead of tomorrow's BOE decision Citi discusses its expectations for tomorrow's BoE policy meeting. and will keep the Bank Rate unchanged at 10bps while scaling up the total size of asset purchases for its QE program by GBP200bn, in line with Citi Economics' view," Citi notes.
Florida COVID-19 cases 3.3% vs 7-day average of 2.5%
The latest virus data from Florida Governor DeSantis revealed that 260 of the nearly 500 workers at Orlando International Airport tested positive for the virus in a late yesterday.
Weekly US oil inventories +1215K vs +130K expected
Weekly petroleum report from the EIA: The product draws are outweighing the headline and WTI is up to $38.20 from $37.65 just before the numbers. released late yesterday:
Texas virus hospitalizations rise 11% in past 24 hours
State officials cite surging hospitalizations That's not good. The headline took down risk trades in another sign of how closely the market is watching the growing outbreak in parts of the US.